QUESTION Which of the following is an implication of the global changes in political and economic systems for international business? A. The ideological conflict between collectivism and individualism is less in evidence today. B. Adoption of Western ideology is declining worldwide. C. The global tide has been running in favor of command economies and totalitarian […]
QUESTION The government of Great Lanthania is planning to adopt a market-based economic system. To be able to do so, the government of this country should: A. abolish the laws that deal with protection of property rights. B. introduce stringent foreign investment regulations. C. increase its intervention in the economy. D. adopt privatization. E. oppose […]
QUESTION Which of the following statements is true about the changing economic system since the 1980s? A. There has been a shift from market-based economies to centrally planned economies. B. There has been a shift away from a mixed economy. C. Many states have restricted the sale of state-owned businesses to private investors. D. The […]
QUESTION In the context of global economy, which of the following has been widely accepted since the late 1980s? A. Centrally planned command economy B. Mixed economy C. Nationalization of private property D. Deregulation of economies E. Authoritarian regime ANSWER D
QUESTION Which of the following is most likely to be implemented by a country as a part of deregulation? A. Prohibition of private enterprises from operating in certain sectors B. Commitment toward communism C. Removal of price controls D. Centrally planned economic system E. Increased restrictions on foreign direct investment ANSWER C Deregulation involves […]
QUESTION The United Nation of Zorwaya has strict restrictions on direct investment by foreign enterprises, and it opposes the establishment and operation of private enterprises. The highest authority in the country enforces tight control over prices and production output. According to this information, the United Nation of Zorwaya most likely opposes: A. nationalization of private […]
QUESTION Which of the following is most likely to indicate that the nation of Erbia has adopted deregulation? A. The Erbian government exercises tight control over the prices of food grains. B. The establishment of private enterprises in steel industry is prohibited by the Erbian government. C. The retail sector in Erbia has been opened […]
QUESTION In the context of the changing political economy since the late 1980s, which of the following statements is true? A. There has been a rapid spread of communism worldwide. B. Capitalist ideologies have been in retreat. C. A wave of totalitarian revolutions has swept the world. D. Most countries have moved toward centrally planned […]
QUESTION How have new information and communication technologies, including the Internet, affected the political economy in general? A. They have led to the spread of communism. B. They have reduced a state’s ability to control access to uncensored information. C. They have led to the collapse of democracy. D. They have created new conduits for […]
QUESTION Which of the following is broadly defined as the development of new products, processes, organizations, management practices, and strategies? A. Privatization B. Economic deregulation C. Boundary spanning D. Innovation E. Benchmarking ANSWER D Innovation refers to the development of new products, processes, organizations, management practices, and strategies.